Fort Worth weekly gazette. [volume] (Fort Worth, Tex.) 1882-1891, 1887-02-18
ton to the magnificent oil deposits

]
| Various mills were started through the
cotton district, but the cotton-seed oil O
commerce was still imperfectly known t
the market. This Cotton Truss ha:
grasped nearly al the efficient cotton
seed mills. They claim to have between
seventy-tfye and 100 at present.
THE SCHEME OF CONTROL.
"What do they do for the owners 0.
! these mills?"
They buy an interest in these indi-
viduaI concerns and issue certificates in
stead Of either bonds or stock. These
certificates apply to all the cotton seed
product and property, and trust in New
York, with branches IN other American
cities, manages them all, and these Ger
titicates entitle the bearer to proper
tional undivided snare of all the prop.
ertv involved. Tie certificates are the
only lien upon all the property. the
Cotton Trust itself keeps down expenses
ana is run for only S27, 600 this year. They
now have at leRst tOur-1fths OF the mills
i'll the country and Eine-tents Of the REIN
ing capacity, and hold a very strong posi-
ton in DOth the lard and soap indus
, tries"
Had these individual cotton mills be
fore their consolidation been protiaable:"
eyes, several OF them have paid from
10 to so per cent. year on the par value
of their trust certificates. The Cotton
Trust diSpenSes with many unnecessary
hands, does the hnarCiering for the whole
concern and experiments with superior
machinery 20 supplsnt the old machines
in the mills
800 they undertake 10 get special rates
out of the railroad companies, too?"
OTHER DETAILS.
eyes, they guarantee to furnish 8
larger amount Of cargo to the railroads,
and thereby get something like half the
rates formerly charged for freight. They
furnish the cotton seed OIL, too, lower
than anybody else can furnish it; it mas
displaced olive oil in Europe, South
America aud largely IN the United States
The English commenced TO make this oil
from the Egyptian cotton seed, of which
there is not enough to provide 4 durable
article of commerce. The American cot
ton seed industry has routed the English
crushersn
as all the cotton seed in America now
directed to make this oIl?'
"Ol. no; only one-siXth of the Ameu-
this time; five siXths Of it is still practi-
CallY wasted. You must understand that
these certificates are not sold in tire MR.
ket; they are Put out for property, all
not for property when is embarrassed bv
debt. Those parties who are working
this syndicate claim that in 2 few years
these certificates viii not be seen, but
will become so valuable that they will re-
main in the hands of fixed persons as
forms OF investment, Just as the Standard
Oil Trust has worked its property"
GOOD THING IN REFRIGERATION.
While | an on the SUI iec5 of new
lodges to make money, may refer to the
fact that | came across gentleman in
New York but yesterday, who was one of
the pioneers of compelling the telegraph
companies TO bury their wires. His cor
poration has got the weather gauge of
the interring of all the wires in New York
City. He, in the meantime, has been eX-
perimentlng with refrigerator cars upon a
principle which | had not observed be-
fore. Said he to me:
"Have you ever seen ammonia used in
breweries, instead of ice, to create cold?"
eyes," said l, 81 know man named
Delavergne who had that on the brain as
much as nine or ten years ago"
"Well," said my informant, che has
made good thing out of it. He sells
nearly all the apparatus, or much the
larger proportion of it, in this country
The brewers used to pay tremendous
bills for ice, some f them having an en-
penditure of $50 100 year for this item
alone. Now they nave a machine which
takes the ammonia and utilities its prop
erty for absorbing heat, so that the vaults
where it is employed relapse to the norm
al cold OF the earth. The earth in its
natural Condition is perfectly cold, and
is only warmed by the sun. Ammonia,
1t It's Cooperating point, devours
ne h-at and throws the vaults
or inclo5uIc Ct any kind into
condition Of polar cold. Now, we are
trying, and W .ri, ai'h success, to use
amaopia in rlii- c.-,..- c.rs while they
are in transit, 50 a. 10 dispense with
ice and buyiag ice. If We had
got the invention perfected we have got
another great thing among mOney-making
devices. Our invention applies the am
mOni2 to closed refrigerator cars, keeps
them frigid and allows all their space to
be used foc carrying meat, whereas
hitherto more space has been taken for
carrying ice than meat. The ammonia
is made TO descend into a condition
where We gather It up without wasting it,
and use it over and over again, so that it
goes on chilling the cars successfully, mot
Tor one journey only, but for the Journey
Of year or more